The U.S. government is insolvent. That’s not hyperbole — it’s the conclusion drawn directly from the Treasury Department’s own consolidated financial statements for fiscal year 2025, released last week to near-total media silence. The numbers: $6.06 trillion in total assets against $47.78 trillion in total liabilities as of September 30, 2025.

  • AA5B@lemmy.world
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    1 day ago

    Horrible article and worse headline, that trivializes a serious issue.

    1. There is no “insolvent”. There really isn’t even the concept
    2. There is a serious increase in debt that we ought to do something about (like by cutting the recent tax breaks for wealthy)
    3. Social security and Medicare are underfunded, but it’s stupid to add a “75 year liability” to the current year and complain about how big it is. It’s like 80% funded by tax revenue over that 75 years and certainly not due this year